Market indicators and food import bills

Forecast import bills of total food and major foodstuffs (US$ million)

†

†

World

Developing

LDC

LIFDC

NFIDC

†

†

2005

2006

2005

2006

2005

2006

2005

2006

2005

2006

TOTAL FOOD

379 410

388 053

115 448

119 557

8 506

9 070

56 352

60 192

14 002

14 653

Wheat

24 233

25 435

15 924

16 864

2 439

2 189

9 687

9 674

3 025

3 145

Coarse Grains

17 566

18 645

9 134

9 650

348

324

2 885

2 944

1 568

1 633

Rice

8 918

9 017

6 116

6 134

1 231

1 250

3 309

3 359

614

625

Vegetable Oils

69 092

71 122

34 405

35 428

1 957

1 973

21 386

21 820

3 738

3 824

Dairy

40 850

40 145

11 032

10 889

716

704

4 124

4 141

1 238

1 223

Meat

65 005

64 111

10 792

10 907

562

566

3 670

3 786

947

1 000

Sugar

13 844

18 131

5 729

7 503

859

1 125

3 630

4 754

830

1 087

Other

139 902

141 447

22 316

22 183

394

938

7 660

9 714

2 042

2 117

Should the current forecasts for food trade, aid and prices for 2006 materialize, the economically vulnerable and food deficit regions could face more elevated import bills this year than last. Import bills for LDCs and LIFDCs are both forecast to rise by approximately 7 percent, much higher than the global average.